Main Street Capital Co. (NYSE:MAIN) Plans Dividend of $0.30

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Tuesday, September 17th, investing.com reports. Investors of record on Monday, September 23rd will be given a dividend of 0.30 per share by the financial services provider on Friday, September 27th. This represents a yield of 7.65%. The ex-dividend date is Friday, September 20th.

Main Street Capital has raised its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a dividend payout ratio of 73.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Main Street Capital to earn $3.98 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Trading Up 0.4 %

NYSE:MAIN opened at $50.13 on Tuesday. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 9.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. Main Street Capital has a 1 year low of $37.70 and a 1 year high of $52.39. The business has a fifty day moving average of $49.81 and a 200-day moving average of $48.88.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.41%. The firm had revenue of $132.15 million during the quarter, compared to analyst estimates of $132.62 million. During the same quarter in the prior year, the firm posted $1.06 EPS. Equities analysts predict that Main Street Capital will post 4.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAIN has been the topic of several recent analyst reports. Oppenheimer boosted their target price on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Main Street Capital has a consensus rating of “Hold” and an average price target of $48.40.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.